U2 see company losses top €10.5m

Accumulated losses at U2’s main Irish firm increased by over €2m last year to nearly €10.5m.

New figures for the band’s Not Us Ltd show that the firm plunged further into the red, with accumulated losses going from €8.35m to €10.49m in the 12 months to the end of December last.

The firm is being supported by Bono, The Edge, Larry Mullen Jr, and Adam Clayton, who provided a directors’ loan of €2.25m last year. A note attached to the accounts states that the directors’ loan attracts an annual interest rate of 3% per annum.